JUST IN: The Minister of Works, David Umahi, has hit back at those criticising the ongoing Lagos-Calabar coastal highway being embarked upon by President Bola Tinubu’s administration, saying the critics were only jealous of Tinubu’s achievements.
"President Tinubu’s Tax Reform among other Economic Reforms has lifted Nigeria's Fiscal strength and its advantages cannot be over-emphasised......"
Belgium Ambassador to Nigeria
BREAKING: Nigeria’s foreign reserves have exceeded the Central Bank of Nigeria’s (CBN) annual target, rising above $52.5 billion as of July 17, 2026, the highest level recorded in 17 years.
BREAKING: President Bola Tinubu has approved salary increases for Nigeria’s armed forces personnel.
About 250,000 personnel are to benefit from the new deal.
Under the new arrangement, which becomes effective from September 1, officers above the rank of colonel will enjoy a 30 per cent salary increase. This applies to Brigadier-Generals, Major-Generals, Lieutenant Generals and Generals.
Personnel from colonel down to warrant officer will have a 50 per cent increase, while Private to Staff Sergeant will have an 80 per cent increase.
Tinubu’s Reforms: This is the first time in a long time that our economy is growing faster than the population — Emir of Kano, Muhammad Sanusi II
The Emir of Kano, Muhammad Sanusi II, has commended the economic reforms of President Bola Tinubu’s administration, particularly measures implemented by the Central Bank of Nigeria (CBN) to stabilise the economy.
Sanusi, a former CBN governor, said the country had moved away from the brink of economic collapse following efforts to address excessive money supply and exchange-rate instability.
Speaking on the economic situation, the Emir said he had “nothing but positive words for what the Central Bank has done.”
According to him, the country was coming from “very high levels of instability as a result of loose money and uncontrolled growth in money supply,” but the CBN had spent the past year taking measures to mop up excess liquidity.
He acknowledged that interest rates remain high but said the reforms had helped stabilise the naira and improve the country’s economic outlook.
“Interest rates are high, yes, but we have stabilized the exchange rate. We have pulled back from the brink of total economic collapse,” Sanusi said.
On inflation, the former apex bank governor noted that the rate remained high but was gradually declining.
“Inflation is coming down, it’s still at 20%, still very high, but it’s coming down from the very high levels of a few, of a few, of a few years ago.”
Sanusi also highlighted the country’s growing foreign reserves, saying, “We have built up reserves to over 40 billion dollars.”
He further pointed to recent economic growth, noting that the economy expanded by more than 3% in the first quarter and more than 4% in the second quarter.
“The economy has grown, first quarter by more than 3%, second quarter by more than 4%, and this is the first time in a long time that this economy has been growing faster than the population,” he said.
BREAKING: Nigeria 🇳🇬 and Canada 🇨🇦 have intensified efforts to establish direct flight ✈️ as both countries move closer to concluding negotiations on a Bilateral Air Services Agreement (BASA).
Gov. Sanwo-Olu was asked same question on building schools.
He highlighted how he’s built over 12,000 classrooms and different systems to improve learning.
He didn’t start talking about cutting grasses.
@PeterObi should be ashamed of himself.
That's my President.........
President Tinubu declined to receive a South African envoy, citing ongoing xenophobic attåcks against Nigerians in South Africa.
Nigeria insists on a signed Memorandum of Understanding on the Early Warning Mechanism, designed to address xenophobia, before further diplomatic engagement.